Asking Price
NOI Net Operating Income
Cap Rate
Asking Price
NOI Net Operating Income
Cap Rate

Documents

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You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 2020
Building Area
Land Area

Property Description

JLL is pleased to offer for sale the fee simple interest in a multi-tenant, corporate leased, grocery outlot in Woodstock, IL (the “Property” or “Asset”). The Property is double-net leased to Chipotle Mexican Grill, Inc. (“Chipotle”) and T-Mobile Central, LLC (d.b.a. “T-Mobile”). The newly constructed asset features over 12 years of weighted average remaining lease term with 10% increases every five years, allowing investors the opportunity to acquire a long-term investment with steadily increasing cash flows.

Investment Highlights

  • The Asset features a “Chipotlane” drive-thru lane/window that allows customers to retrieve their orders without ever leaving their car. Additionally, patio dining space in the front of the store facilitates socially distanced dining.
  • Situated along Route 47 (VPD: >20,000), Woodstock’s main retail corridor, the Property is extremely visible and accessible to travelers heading from Chicago to Wisconsin weekend destinations like Lake Geneva.
  • The Property is an outparcel to Woodstock Center, a 122,000 SF retail center anchored by Jewel-Osco, which attracts more than 99,000 customers each year.
  • Chipotle, a fast-casual restaurant chain with more than 2,600 locations worldwide, executed a rare 15-year lease, evidencing its long-term commitment to the site.
  • T-Mobile (S&P: BB) is now America’s second-largest wireless provider, recently surpassing AT&T Inc. following the Sprint merger.


Last Updated Date: 16 Sep 2020
Alex Sharrin
Alex Sharrin
Managing Director, Capital Markets
License details
IL - 475.170243
Alex Geanakos
Alex Geanakos
Director, Capital Markets
License details
475.189621

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Last Updated Date: 16 Sep 2020

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